Unfortunately, reality is exactly the opposite of the leftist BS that you have swallowed. The Russian economy is being flooded with cash for oil, gas, fertilizer, and food all of which they are major exporters of. And it is coming from you and me bub. How much did you just pay to fill up your jacked up 4x4? And how about the price of your favorite burgers and dogs? Where do you think that extra money is ending up?
The Ruble is now the best performing foreign currency year to date...
Look at the red line from February 20 until now. Notice anything? Those sanctions are really hurting the Russians aren't they?
Russia made nearly $100B from fuel exports in war’s first 100 days, report says.
https://www.washingtonpost.com/world/2022/06/14/russia-fossil-fuel-revenue-ukraine-war/
Yes, flooding an enemy with cash is a stroke of genius only the Biden administration could come up with.
Care to guess what Russian revenues from oil and gas did in May? They went up another 11% even as their production fell by 3%.
https://www.theguardian.com/business/2022/jun/15/russia-rakes-in-nearly-20bn-from-oil-exports-in-may
Yes, doubling the Russian budget is really, really hurting them. /s
—”The Ruble is now the best performing foreign currency year to date...”
The Russian economy is a very well fabricated Potemkin village; yes they invented it. And they have worked hard for years to prepare, but they are on the edge of a third-world economy, like Mexico, and attempting to support a large military-industrial complex.
Use a magnifying glass if needed and you will notice that Russia is paying 20% interest on savings in ruble! Yes they have been cutting that, but not much. Not a good sign.
EVEN BRANDON HAS NOT YET PUSHED OUR RATES THAT HIGH: YET.
Yes, there is leakage in the boycott and oil is fungible.
And Brandon has limited supply /pushing price to the moon.
—”The Ruble is now the best performing foreign currency year to date...”
What return are you receiving from your ruble investment?
CAREFUL! “Past performance is no guarantee of future results” because the Russian economy is past and sinking.
As you study the Russian economy, again remember they invented the Potemkin village.
If you believe in it... gotta hunch buy a bunch!!!
Maybe some leverage for you?
Russian ETF CFD!!! You can thank me later!